China’s Fujian Southeast Shipbuilding has selected Norwegian company Breeze Ship Design to design a 150-ton bollard pull anchor handling tug offshore support (AHTS) vessel for an undisclosed owner. The 78-meter DP2 vessel, based on Breeze Ship Design’s Z 4650 blueprint, is said to be designed for de
Norway-based provider of vessel management services Aurora Offshore, part of the Borealis Group, has welcomed two anchor handling tug supply (AHTS) vessels from compatriot operator Sea1 Offshore, formerly known as Siem Offshore.
Malaysia’s state-owned energy player Petronas has officially transferred its contractual right for a cluster of oil & gas fields in Malaysia to a subsidiary of U.S. energy company ConocoPhillips. Petronas, through Malaysia Petroleum Management (MPM), completed the transfer of operatorship for the Ke
JERA Global Markets, a trading subsidiary of Japan’s energy major JERA, has signed a liquefied natural gas (LNG) supply agreement with UAE’s ADNOC Gas and its subsidiaries.
With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom.
Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo
Norwegian shipping company Solstad Offshore has secured contracts for two of its construction support vessels (CSVs) and one anchor handling tug supply (AHTS) vessel, all with undisclosed clients. The CSV Normand Jarstein will kick off a 135-day contract in March, under which it will deliver subsea
ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris.
Petrobras has rolled up its sleeves on the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil by embarking on the binding phase to dispose of its stake.
Russia’s energy giant Gazprom has expanded its natural gas resource base by performing geological exploration in 2024 to fortify the Russian Federation’s energy security. This enabled the company to augment its gas reserves so that they once again eclipse its production rates, with the biggest chunk
UK-headquartered AIS has secured a subsea insulation contract for the Mero 4 oil field in Brazil, representing its fifth award for insulation systems in the region. The company will supply its ContraTherm C25 insulation system for the production pipeline end termination (PLET) and production and wat
Global Petroleum, an AIM-listed oil and gas upstream exploration company presently focused on Africa and the Mediterranean, has decided to prolong its previous timeline to secure a farm-in agreement with a potential operating partner for its petroleum exploration license (PEL) 94 in Block 2011A in t
ADES has expanded its global presence by spreading its wings to the eleventh country, thanks to an offshore drilling assignment one of its jack-up rigs will undertake off the coast of Nigeria.
As the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) has upheld the previous decision, rejecting Venezuela’s appeal, the country is required to dish out $8.7 billion to ConocoPhillips.
